MBA Newslinks Archive

American Banker, Feb. 5, 2020–Neil Haggerty (subscription)An intraparty rift went public Wednesday over legislation that would impose a 36% rate limit on all consumer loans. Critics are concerned it would …

Reuters, Feb. 5, 2020–Lucia MutikaniThe U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, …

National Mortgage News, Feb. 5, 2020–Brad Finkelstein (subscription)The U.S. mortgage business remained a bright spot for Genworth Financial, whose fourth quarter adjusted operating income increased by 29 percent.https://www.nationalmortgagenews.com/news/genworths-u-s-mortgage-insurance-business-nearly-doubles-in-4q19

Wall Street Journal, Feb. 5, 2020–Leslie Scism (subscription)Property-and-casualty insurance giants Chubb Ltd. and Allstate Corp. posted strong profit gains in the fourth quarter, thanks to fewer catastrophe claims and premium …

HousingWire, Feb. 5, 2020–Kathleen HowleyAn increase in competition for bonds means investors, including the people who buy mortgage-backed bonds, have to take lower yields. That translates into lower mortgage rates.https://www.housingwire.com/articles/coronavirus-could-push-mortgage-rates-to-all-time-lows/

American Banker, Feb. 5, 2020FHA insured $215 billion in loans last year, representing more than 11% of mortgages issued in the U.S., according to HUD. Banks can use the loans …